GMS (NYSE:GMS) Lifted to “Hold” at ValuEngine

Share on StockTwits

ValuEngine upgraded shares of GMS (NYSE:GMS) from a sell rating to a hold rating in a research report report published on Saturday morning, ValuEngine reports.

Other equities analysts have also recently issued reports about the company. Nomura reiterated a neutral rating and issued a $20.00 price objective (down from $27.00) on shares of GMS in a report on Thursday, May 16th. Zacks Investment Research upgraded GMS from a hold rating to a buy rating and set a $26.00 price objective for the company in a report on Wednesday, August 28th. Royal Bank of Canada upped their price objective on GMS to $30.00 and gave the stock an outperform rating in a report on Friday. SunTrust Banks upped their price objective on GMS from $23.00 to $32.00 and gave the stock a buy rating in a report on Friday. Finally, Seaport Global Securities reiterated a buy rating and issued a $33.00 price objective (up from $28.00) on shares of GMS in a report on Friday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $26.56.

GMS opened at $29.46 on Friday. The stock has a 50-day moving average price of $23.13 and a 200-day moving average price of $19.55. GMS has a 12-month low of $13.61 and a 12-month high of $30.09. The company has a current ratio of 2.29, a quick ratio of 1.43 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.52, a PEG ratio of 1.30 and a beta of 2.40.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. GMS had a return on equity of 18.99% and a net margin of 2.27%. The firm had revenue of $847.20 million during the quarter, compared to analysts’ expectations of $837.65 million. During the same period in the prior year, the business earned $0.82 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that GMS will post 3.06 EPS for the current year.

In related news, CEO G Michael Callahan, Jr. sold 28,950 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $22.61, for a total transaction of $654,559.50. Following the completion of the sale, the chief executive officer now directly owns 428,314 shares in the company, valued at approximately $9,684,179.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of GMS by 48.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,769 shares of the company’s stock valued at $19,538,000 after buying an additional 428,497 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of GMS by 54.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,718 shares of the company’s stock valued at $253,000 after purchasing an additional 5,905 shares during the period. Quantamental Technologies LLC bought a new stake in shares of GMS during the 1st quarter valued at $110,000. Menta Capital LLC bought a new stake in shares of GMS during the 1st quarter valued at $181,000. Finally, IndexIQ Advisors LLC raised its stake in shares of GMS by 51.6% during the 1st quarter. IndexIQ Advisors LLC now owns 104,252 shares of the company’s stock valued at $1,576,000 after purchasing an additional 35,475 shares during the period. Institutional investors own 78.32% of the company’s stock.

GMS Company Profile

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.

Further Reading: How can investors benefit from after-hours trading?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for GMS (NYSE:GMS)

Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.